Anticipating a completion of a corrective triple zigzag combination on a weekly chart. Each color line has an equal length. End of wave Z should be the end of this combination if it continues as projected.
EUR/USD is forming a falling wedge formation which indicates there's a chance of price breakout to upside. At this point, price is trading below 200 MA & between 50% & 61.8% Fib retracement levels on the weekly chart.
Close above resistant and 50% fib will conform more upwards movement to test 1.180 - 1.20 price range.
Alt. close below 61.8% and support line will...